The crypto market is on edge as a fresh wave of volatility sweeps across $BTC , $ETH
, and major altcoins. The trigger? A high-profile clash between Donald Trump and Elon Musk.
📉 Market Recap:
briefly $BTC
fell below $100,500, with over $300M in long positions liquidated in 24 hours.
Ethereum dropped over 6%, and the overall crypto market saw nearly $1B in liquidations.
Investors are scrambling as sentiment flips bearish across major exchanges.
🗳️ Trump’s Crypto Move: Trump Media has filed for a “Truth Social Bitcoin ETF”, aiming to list it on NYSE Arca. The fund would hold actual BTC, signaling a strong pivot into digital assets from the Trump camp.
📉 However, DJT (Trump Media stock) dropped 8% after the filing, while Bitcoin prices slid in response to the rising political tension.
🚀 Elon Musk Responds: Elon criticized Trump’s broader policies, particularly regarding clean energy and crypto regulation. His reaction added more heat to the fire, spooking the markets even further.
🔍 What’s Next? With both figures now deeply involved in the crypto narrative, markets could remain volatile. This power play between two of the world’s most influential figures is far from over.
💬 Do you think Trump’s Bitcoin ETF will be approved? Will Elon counter with a new crypto move? Share y
our thoughts below.